Everest Re (RE) Tops Q3 EPS by 86c

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Everest Re Group Reports Third Quarter 2018 Results

October 29, 2018 4:15 PM EDT

HAMILTON, Bermuda--(BUSINESS WIRE)-- Everest Re Group, Ltd. (NYSE: RE) today reported third quarter 2018 net income of $205.6 million, or $5.02 per diluted common share, compared to net loss of $639.4 million, or $15.73 per common share for the third quarter of 2017. After-tax operating income1 was $167.5 million, or $4.09 per diluted common share, for the third quarter of 2018, compared to after-tax operating loss¹ of $623.7 million, or $15.35 per common share, for the same period last year.

For the nine months ended September 30, 2018, net income was $485.8 million, or $11.83 per diluted common share, compared to net loss of $102.1 million,... More